川煤集团家底曝光：总估值逾24亿 一季度盈利297万

Core Viewpoint - Sichuan Coal Industry Group (referred to as "Sichuan Coal Group") has revealed its financial status, with an estimated overall valuation of approximately 2.483 billion yuan based on a 0.06% equity transfer listing at a base price of 1.49 million yuan [1] Group 1: Company Overview - Sichuan Coal Group was established on August 28, 2005, by the Sichuan Provincial Party Committee and Provincial Government to optimize the coal industry structure and promote healthy development [1] - The company has total assets of 29.7 billion yuan and employs over 39,000 people, operating 20 pairs of coal production mines with a certified production capacity of 14.38 million tons per year [1] Group 2: Financial Performance - For the fiscal year 2023, Sichuan Coal Group reported revenues of 16.068 billion yuan and a net profit of 707 million yuan; in the first quarter of this year, revenues were 3.746 billion yuan with a net profit of 2.9715 million yuan [1] - The company achieved a coal production of 3.02 million tons and traded 2.465 million tons in the first quarter, marking year-on-year increases of 26% and 18.56%, respectively [1] Group 3: Historical Context and Restructuring - In June 2016, Sichuan Coal Group announced a 1 billion yuan short-term bond default, marking the first bond default among state-owned enterprises in Sichuan [2] - The company faced significant losses and defaults, with total assets of approximately 19.47 billion yuan and liabilities of about 16.287 billion yuan as of March 31, 2020 [2] - Following a judicial restructuring initiated in June 2020, the company reduced its debt burden significantly, with total liabilities decreasing from 38.4 billion yuan to around 7 billion yuan [2] - The restructuring plan was approved by the Chengdu Intermediate People's Court on December 23, 2020, resolving over 20 billion yuan in debt [2] Group 4: Shareholding Structure - As of now, the Sichuan Provincial State-owned Assets Supervision and Administration Commission holds 46.08% of the shares, making it the largest shareholder [2] - The Sichuan Provincial Finance Department and Sichuan Energy Investment Group hold 10.12% and 8.47% of the shares, respectively [2] - The transferring shareholder, Chengdu Jinjing Branch of Hengfeng Bank, ranks 25th in the shareholder list and acquired shares in June 2021 [2]